From the last local high (9.5k) BTC retraced to 0.618 Fib and re-gained momentum to the upside. If the drawn trend-line holds we can see another leg up to the 9.8-10k mark at least. On the way to 10k we do not encounter strong resistance zones. I would not risk to short here.
Happy trading to everyone!
Happy trading to everyone!
Note
Short-term trend-line did not hold. I am expecting it to consolidate for a few 4h candles. I am waiting for a close of a candle above 9k to continue moving upwards.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.